BE Magazine

32
INDUSTRY
In view of the
large scope for
broadening its
markets and
increasing
export volume,
the Seventh
Five-Year Plan
(7FYP) of the
Government
of Bangladesh
(GoB) envisaged
at least $5 billion
export revenues
from leather,
leather goods,
and leather
footwear by
FY2021.
The scope for upgrading and expansion of the leather
industry becomes obvious from a comparison of
available data. In FY2015, Bangladesh exported 44
leather products to 84 destinations. In comparison,
Viet Nam exported 59 leather products to 122
destinations; India, 63 items to 196 destinations;
and the People’s Republic of China (PRC), the
global leader in leather exports, 65 leather items to
209 destinations.
In view of the large scope for broadening its markets
and increasing export volume, the Seventh Five-
Year Plan (7FYP) of the Government of Bangladesh
(GoB) envisaged at least $5 billion export revenues
from leather, leather goods, and leather footwear
by FY2021.
Taking into account its considerable growth and
investment potential, GoB has identified the leather
Monthly business magazine
December, 2019